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Net Capital Requirements and Customer Protection Requirements (Tables)

9 Months Ended

Sep. 30, 2013

Net Capital Requirements and Customer Protection Requirements

The following table sets forth the capital requirements, as defined, that the Company’s subsidiaries were required to maintain as of September 30, 2013:


	MarketAxess		MarketAxess		MarketAxess
	Corporation		Europe Limited		Canada Limited
	(In thousands)
Net capital	$	62,853	$	17,393	$	827
Minimum net capital required		1,814		3,155		267

Excess net capital	$	61,039	$	14,238	$	560

- Definition

Tabular disclosure of computation of net capital under the SEC Regulations which may include a reconciliation (including appropriate explanations) if material differences exist between the computations made by the independent auditor based on the audited financial statements and the broker-dealer's original unaudited Part II or IIA filing, a statement that a reconciliation is not necessary if no material differences exist between the computations made by the independent auditor based on the audited financial statements and the broker-dealer's unaudited Part II or IIA filing, when different, total assets and total liabilities, as reported in the statement of financial condition, are reconciled to the total current assets and total liabilities, respectively, as reported in the statement of computation of minimum net capital. Disclosure may also include stockholder's equity, stockholders' equity not allowable for net capital, stockholders' equity qualified for net capital, subordinated borrowings allowable in computation of net capital, other deductions or allowable credits and total capital and allowable subordinated borrowings.

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